Muhammad Usman (MCom, CPA, CIA)

Experience

• 

  Lumitek Intl. Fze.

  Apr 2008 - Apr 2013

  Accounts Manager

  •✅ Providing decisive leadership and strategic direction to the accounting team, overseeing all facets of the finance and accounting operations within the organization.✅ Timely preparation of monthly financial statements, management accounts, and reports, furnishing precise and punctual management and financial insights crucial for informed decision-making.✅ Effectively managing working capital and cash flow to fulfill company liabilities, engaging in continuous monitoring of collection and payment flows aligned with projections.✅ Ensuring the maintenance of accurate and current accounting records and books of accounts, adhering meticulously to the Company's accounting policies and procedures.✅ Collaborating closely with auditors to facilitate the annual financial audit process.✅ Exercising rigorous control over costs and enhancing revenue drivers to fortify the company's financial health.✅ Directly overseeing the management of Payables and Receivables to maintain optimal operational efficiency. Show less

• 

  Bin Fadel Group

  Nov 2013 - Jul 2020

  Accounting Manager

  ✅ Assume leadership and provide strategic guidance to the accounting team, overseeing all finance and accounting operations within the organization, including the management of value-added tax (VAT) responsibilities.✅ Timely preparation of monthly financial statements, management accounts, and reports, furnishing precise and prompt financial information crucial for decision-making processes.✅ Vigilantly monitor and manage customer collections and payment flows in alignment with projected figures.✅ Develop annual budgets and forecasts encompassing all company activities, actively overseeing performance and adherence to budgetary objectives. Conduct thorough management reporting inclusive of variance analysis, proffering recommendations for corrective actions, and providing decision-making support.✅ Ensure meticulous maintenance of accurate and up-to-date accounting records and books in compliance with International Financial Reporting Standards (IFRS) and the established accounting policies and procedures of the company.✅ Facilitate effective communication and collaboration with auditors, ensuring the audit process is conducted efficiently and with utmost effectiveness. Show less

• 

  Al Sharq Flexible Packaging Factories

  Aug 2020 - now

  Accounting Manager

  ✅ Provide leadership and direction to the accounting team, overseeing all aspects of the finance and accounting functions of the organization, including value-added tax (VAT). 💼✅ Prepare monthly financial statements, management accounts, and reports on time, delivering accurate and timely management and financial information for decision-making purposes. 📊✅ Manage working capital and cash flow to meet company liabilities through continuous monitoring of customer collections and payment flows based on projections. 💰✅ Handle day-to-day working capital management, including obtaining approval for TR payments and overseeing trade finance matters related to the discounting of invoices and cheques from banks. 💳✅ Negotiate with insurance companies regarding various insurance policies such as Property All Risk Insurance, Marine Insurance, In Transit Insurance, Vehicle Insurance, Third-party Liability Insurance, Worker Compensation Insurance, Medical Insurance, and Credit Insurance. Additionally, ensure prompt claim settlements in case of losses incurred. 🛡️✅ Prepare annual budgets and forecasts for all company activities, actively monitoring performance and adherence to budgetary targets. Provide management reporting with detailed variance analysis, propose corrective measures, and offer decision support. 📈✅ Develop financial projections and forecasts as required by banks for long-term financing facilities. 📈✅ Ensure the maintenance of accurate and up-to-date books of accounts and accounting records in accordance with International Financial Reporting Standards (IFRS) and the company's accounting policies and procedures. 📚✅ Collaborate with auditors to ensure efficient and effective audit processes are carried out. 🔍 Show less